On 2 December, we noted that the final month of the year is traditionally favourable for the S&P 500 index (US SPX 500 mini on FXOpen), as: → since around the 1950s, December has been positive in more than 70% of cases; → the average monthly gain is approximately +1.0%. Today, with traders worldwide focused […]
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Daily Pivots: (S1) 207.84; (P) 208.39; (R1) 209.20; More… GBP/JPY’s break of 208.09 high confirms long term up trend resumption. Intraday bias stays on the upside for next near term target at 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98. Outlook will stay bullish as long as 205.17 support holds, in case of […]
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Daily Pivots: (S1) 181.54; (P) 182.10; (R1) 182.96; More… EUR/JPY’s up trend resumed by breaking through 181.98 and intraday bias is back on the upside. Next target is 100% projection of 161.06 to 173.87 from 171.09 at 183.90. For now, outlook will remain bullish as long as 180.07 support holds, in case of retreat. In […]
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Daily Pivots: (S1) 0.8725; (P) 0.8737; (R1) 0.8753; More… EUR/GBP is staying in consolidations above 0.8720 temporary low and intraday bias stays neutral. Further decline is expected with 0.8800 resistance intact. Fall from 0.8863 should at least be a correction to the up trend from 0.8221, with risk of bearish reversal. Below 0.8720 will target […]
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Daily Pivots: (S1) 1.7499; (P) 1.7565; (R1) 1.7599; More… Intraday bias in EUR/AUD remains mildly on the downside for the moment. Fall from 1.8160 is seen as the third leg of the pattern from 1.8554. Deeper decline should be seen to 100% projection of 1.8160 to 1.7561 from 1.7976 at 1.7377. Firm break there will […]
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